Murcia 'could see house prices rise'

The Spanish city of Murcia could be a good location to invest in property if the comments of one real estate expert are anything to go by.

Chris Mercer, founder of estate agents Mercers, noted that prices in the region appear to have "finally bottomed out", although he expects values to remain depressed until demand increases significantly.

However, he is confident that the property sector will bounce back and cited the forthcoming opening of the Paramount-branded theme park in the area as a catalyst that should boost the market.

"Low pricing will remain until demand picks up in a stronger manner and, for Murcia, that may be sooner rather than later with Paramount on the horizon," Mr Mercer stated.

He added that "there's no better time to buy" for those who have the capital available to purchase a property in Spain.

Paramount has set an opening date of 2015 for the theme park, which will be the largest in the country and will feature zones inspired by movies such as Titanic and Mission Impossible.
 

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